BPCL and Mumbai Port Sign MoU for Green Fuel Development

04 Oct 2024 CW Team

Bharat Petroleum Corporation (BPCL), recognized as a Fortune Global 500 company, has entered into a Memorandum of Understanding (MoU) with the Mumbai Port Authority (MbPA) and the Mumbai Port Sustainability Foundation (MPSF) to establish a green fuel ecosystem at Mumbai Port. This initiative aims to facilitate India's transition to cleaner energy solutions and lower greenhouse gas emissions.

The MoU was signed in the presence of G. Krishnakumar, Chairman and Managing Director of BPCL; Rajiv Jalota, Chairperson of MbPA; and Rahul Tandon, BPCL's Business Head (I&C). It outlines a partnership focused on promoting sustainable energy practices, which include the introduction of Electric Vehicle (EV) charging stations at Mumbai Port and the conversion of diesel-powered vessels to cleaner fuel alternatives.

G Krishnakumar stated that the MoU aligns with BPCL’s plans for a sustainable future and their goal of achieving net zero emissions in Scope 1 and Scope 2 by 2040. He emphasized that BPCL’s commitment to sustainable energy in the maritime sector reflects its dedication to social responsibility.

Rahul Tandon expressed that the partnership with MbPA showcases BPCL’s strategic vision for advancing the sustainable fuels business. He noted that by utilizing LNG and green energy infrastructure, they aim to transform the future of maritime operations.

In addition to establishing green fuel infrastructure, the MoU includes initiatives for waste management at Mumbai Port. BPCL and MPSF will work together on waste segregation and management systems to ensure a cleaner operational environment, with expectations to enhance Mumbai Port’s green infrastructure and reduce its carbon footprint.

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